当前资产证券化发展的风险监管及其模式选择

资产证券化作为一项金融创新和金融工具,在各国金融发展和改革中都发挥了重要作用。国际实践证明,资产证券化有助于增强金融资产流动性、优化融资结构以及提高货币政策效率。而在我国,资产证券化逐步从理论探索走向实证检验。现从资产证券化的监管原则出发,对证券化流程中的各风险点监管进行阐述,探讨我国进行资产证券化操作模式的选择,提出构建以市场和法规为导向的风险型监管,以及有效的分业监管的协调机制。

The Regulation of China''''s Asset Securitization and Selection of Operation Patterns

As a financial innovation, asset securitization plays an important role in the financial development of many countries. A series of foreign practices have approved that asset securitization can enforce the fluidity of financial asset, and optimize financial structure. In addition, it can also improve the effectiveness of monetary policy. In China, asset securitization is now taking a further step. This article starts with the regulation principle of asset securitization, makes a deep analysis of the regulation of the securitization, and suggests a market-oriented regulation system, taking into account the cooperation of the different regulation commissions involved.